XRP enters December with a mix of unusual market signals, steady price action and renewed bullish expectations from analysts and prediction platforms.
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Despite the general instability and uncertainty in the crypto market, traders continue to monitor XRP’s behavior above $2.0 as new data points determine sentiment.
XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview
Unilateral liquidations emphasize the imbalance in the market
Liquidation details from CoinGlass recorded an unusual value this week after XRP posted $0 in short liquidations over a one-hour period. All losses came from long positions, totaling approximately $128,000. Such a purely one-sided liquidation profile is rare on active derivatives markets and immediately stood out in the crypto sector.
Other major assets, such as Bitcoin and Ethereum, showed typical liquidation activity on both sides. For XRP, the imbalance suggested that leveraged traders were heavily positioned for upside potential, leaving long holders exposed to even small price moves.
Despite this, XRP’s price has not been immune to the broader market decline, with the overall crypto market capitalization falling by more than 5%. XRP fell towards the $2.04 area, but analysts note that the $2.00 zone remains a key support level. On the upside, $2.20 continues to act as the immediate resistance level to watch.
Technical forecasts point to a possible breakout in December
XRP ended November down more than 17%, reflecting a broad market decline that has seen Bitcoin fall to $86,700 and several altcoins posting double-digit losses. This decline came despite positive developments, including strong early inflows into newly approved crypto ETFs and the growth of Ripple USD (RLUSD).
On the graphs, XRP continues to trade around the Murrey Math Lines pivot. Analysts point to a bullish flag pattern forming over the eight-hour time frame, which is typically a continuation structure that can trigger a breakout. A successful move higher could send the token towards $2.73, the next major resistance.
Mixed market signals for forecasts, but strong community confidence
The prediction markets are divided on the short-term prospects of XRP. Data from Kalshi shows a 69% probability that XRP will end the year with a positive return, reflecting stronger sentiment after weeks of consolidation. On the other hand Polymarkt assigns a 99% chance of XRP regaining the ATH by 2026.
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Despite the differences, the outlook for the community remains steadfast. Traders point to XRP’s stable range, rising ETF interest, and resilience during volatility as indicators of potential upside. As December unfolds, XRP’s narrow trading band and unusual liquidation patterns set the stage for this decisive month.
Cover image of ChatGPT, XRPUSD chart from Tradingview